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I was under the same type of contract in the tool shop, the most I ever had was £20k after a bank holiday. I’d ride the 3 miles on my bike with the money inside my jacket. Their policy was you were covered for the money up to the banking point I think it was about £6k but after that it was your fault for not going to the bank with that £6k. You can’t leave the shop single manned and you can’t close the shop. So?¿? Bastards.
But can you actually make an employee liable for losses due to theft?